Hong Kong, Hong Kong–(Newsfile Corp. – September 18, 2024) – Queen’s Road Capital Investment Ltd. (TSX: QRC) (“the Company”) is delighted to announce the successful completion of its recently disclosed private placement of 21,428,571 ordinary shares at a price of C$0.70 per share, resulting in total gross proceeds of C$15 million. The funds raised from this private placement will be utilized to enhance the company’s working capital. It is important to note that the shares issued in this placement are subject to a four-month resale restriction.
